Backtesting
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 4 December 2023 with a comparison to the same period in the previous 2 years.

6 months to
4 Dec 2023
Same period 2022 Same period 2021
Rank 704 1041 1031
Rank change year-on-year +337 -10 -291
Permanent jobs citing Backtesting 37 35 67
As % of all permanent jobs advertised in the UK 0.070% 0.028% 0.052%
As % of the Processes & Methodologies category 0.074% 0.029% 0.055%
Number of salaries quoted 27 19 59
10th Percentile £51,500 £62,400 £86,250
25th Percentile £109,375 £102,500 £98,750
Median annual salary (50th Percentile) £150,000 £110,000 £122,500
Median % change year-on-year +36.36% -10.20% +53.13%
75th Percentile £225,000 £157,500 £133,750
90th Percentile - £162,500 £146,250
UK excluding London median annual salary - £42,250 £165,000
% change year-on-year - -74.39% -

All Process and Methodology Skills
UK

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 50,088 118,671 122,416
As % of all permanent jobs advertised in the UK 94.09% 95.74% 95.45%
Number of salaries quoted 36,209 72,079 81,851
10th Percentile £32,500 £34,492 £32,500
25th Percentile £43,750 £45,000 £42,500
Median annual salary (50th Percentile) £60,000 £60,000 £60,000
Median % change year-on-year - - +9.09%
75th Percentile £80,000 £82,000 £77,500
90th Percentile £99,025 £100,000 £95,000
UK excluding London median annual salary £52,500 £53,219 £50,000
% change year-on-year -1.35% +6.44% +4.17%

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a proportion of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 4 December 2023.

Salary histogram for Backtesting in the UK

Backtesting
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 4 December 2023. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +335 37 £150,000 +36.36% 59
London +271 37 £150,000 +36.36% 58
Work from Home +243 6 £75,000 -31.82% 24

Backtesting
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (8.11%) SAS
Applications
1 1 (2.70%) Microsoft Excel
1 1 (2.70%) Microsoft PowerPoint
1 1 (2.70%) MS Visio
Cloud Services
1 2 (5.41%) Azure
1 2 (5.41%) Azure DevOps
1 2 (5.41%) IaaS
1 2 (5.41%) PaaS
1 2 (5.41%) Power Platform
Communications & Networking
1 5 (13.51%) TCP/IP
Database & Business Intelligence
1 15 (40.54%) Tick Data
2 2 (5.41%) Data Warehouse
2 2 (5.41%) Power BI
2 2 (5.41%) Tableau
3 1 (2.70%) Big Data
Development Applications
1 5 (13.51%) GCC
2 2 (5.41%) Cucumber
2 2 (5.41%) Git
2 2 (5.41%) SpecFlow
General
1 18 (48.65%) Finance
2 10 (27.03%) Front Office
3 9 (24.32%) Banking
4 5 (13.51%) Investment Banking
5 3 (8.11%) Dutch Language
5 3 (8.11%) German Language
5 3 (8.11%) Retail
5 3 (8.11%) Retail Finance
5 3 (8.11%) Social Skills
6 1 (2.70%) Analytical Skills
6 1 (2.70%) Back Office
6 1 (2.70%) Marketing
Job Titles
1 19 (51.35%) Developer
2 11 (29.73%) C++ Developer
3 5 (13.51%) Software Engineer
4 4 (10.81%) Investment Banking Java Developer
4 4 (10.81%) Java Developer
4 4 (10.81%) Quantitative Developer
5 3 (8.11%) C++ Software Engineer
5 3 (8.11%) Lead
5 3 (8.11%) Risk Manager
6 2 (5.41%) Analyst
6 2 (5.41%) Lead Developer
6 2 (5.41%) Software Developer
7 1 (2.70%) Analyst Developer
7 1 (2.70%) C++ Team Leader
7 1 (2.70%) Developer Analyst
7 1 (2.70%) Market Risk Analyst
7 1 (2.70%) Programmer
7 1 (2.70%) Project Manager
7 1 (2.70%) Risk Analyst
7 1 (2.70%) Senior Analyst
Libraries, Frameworks & Software Standards
1 12 (32.43%) STL
2 3 (8.11%) Boost C++ Libraries
3 2 (5.41%) .NET
3 2 (5.41%) .NET Core
3 2 (5.41%) .NET Framework
3 2 (5.41%) AngularJS
3 2 (5.41%) ASP.NET
3 2 (5.41%) ASP.NET Core
3 2 (5.41%) ASP.NET Web API
3 2 (5.41%) gRPC
3 2 (5.41%) React
3 2 (5.41%) REST
3 2 (5.41%) WCF
Miscellaneous
1 23 (62.16%) Foreign Exchange (FX)
2 14 (37.84%) Equities
3 13 (35.14%) Hedge funds
4 9 (24.32%) Fixed Income
5 5 (13.51%) Distributed Systems
5 5 (13.51%) Market Risk
6 3 (8.11%) Data Structures
7 2 (5.41%) Client/Server
7 2 (5.41%) N-Tier
8 1 (2.70%) Analytical Mindset
8 1 (2.70%) Derivative
8 1 (2.70%) Greenfield Project
8 1 (2.70%) Interest Rate Derivative
8 1 (2.70%) Management Information System
Operating Systems
1 18 (48.65%) Linux
2 5 (13.51%) Red Hat Enterprise Linux
Processes & Methodologies
1 26 (70.27%) Multithreading
2 23 (62.16%) Algorithmic Trading
3 22 (59.46%) Computer Science
4 21 (56.76%) Concurrent Programming
5 19 (51.35%) Mathematics
6 18 (48.65%) Low Latency
7 15 (40.54%) Data Management
8 14 (37.84%) Physics
9 13 (35.14%) Investment Management
9 13 (35.14%) Memory Management
9 13 (35.14%) Systematic Trading
10 12 (32.43%) Software Engineering
11 9 (24.32%) Analytics
12 8 (21.62%) Integration Testing
13 7 (18.92%) Ultra-Low Latency
13 7 (18.92%) Unit Testing
14 6 (16.22%) Agile
14 6 (16.22%) Risk Management
15 5 (13.51%) Market Making
15 5 (13.51%) Stress Testing
Programming Languages
1 25 (67.57%) C++
2 18 (48.65%) Python
3 8 (21.62%) C
4 5 (13.51%) Java
5 3 (8.11%) C#
5 3 (8.11%) R
5 3 (8.11%) SQL
6 2 (5.41%) PowerShell
7 1 (2.70%) MATLAB
7 1 (2.70%) Rust
7 1 (2.70%) VBA
Qualifications
1 16 (43.24%) Degree
2 10 (27.03%) Master's Degree
3 5 (13.51%) Computer Science Degree
4 2 (5.41%) PhD
Quality Assurance & Compliance
1 1 (2.70%) Sarbanes-Oxley
System Software
1 2 (5.41%) Docker
Systems Management
1 2 (5.41%) Kubernetes
Vendors
1 5 (13.51%) Red Hat
2 1 (2.70%) Microsoft
2 1 (2.70%) Murex
2 1 (2.70%) QAD